alanmasters

Moeda Retraces 70% After doing 620% Bull Run (What Next?)

BINANCE:MDABTC   Moeda Loyalty Points / Bitcoin
Moeda Loyalty Points (MDABTC) did something beautiful when it went on a 600%+ bull run, giving us an early signal of how other altcoins would move. Following MDA’, many other altcoins generated massive profits, we were more than happy to enjoy those and now more opportunities are developing.

There are endless opportunities within the cryptocurrency markets, and more opportunities will always come.

Let's take a quick look at MDABTC once again.

  • After the huge bull run, MDA’ had a 70% retrace and people are asking me if it is time to move up.

  • On the chart above you can see an orange line, which is the EMA200 indicator. If this level holds, we can resume another wave up, thinking that the correction is over.

  • If the orange line doesn't hold, we can expect further retrace until support is established. Once MDABTC finds support, another up wave can resume.

  • For now, we can consolidate sideways and watch price action for a clear breakout signal. We look to break above EMA50 (magenta line) first.

Weekly chart:
Thanks a lot for reading.

Hit LIKE if you enjoyed this post.

Namaste.
Nov 23
Comment: Comment by @SQ88
Relevant info for those buying and trading Moeda (MDA).

Thanks for the work Alan! Good to note is that there are 2 new Seed projects coming out this month and will be presented by the the team :) Last but not least is that they are on the work to create the Moeda debit card. " Average knowledge about breath equals sight of the top of an iceberg "
Nov 25
Comment: MDABTC broke up and is now trading above EMA50. This is a bullish signal:
Nov 27
Comment: Moving up nicely... Enjoy the profits.


Namaste.
Nov 29
Comment: 141% total profits on the second run.

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Update? Retrace to 0.000218?
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@epnick, You can move on now.
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Can u update please.
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@AN-UK, Retracing.
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50/50 chance that this next wave will dwarf this last one If btc continues to ride all the way a to a bullish mind change (this is of course the biggest bull trap taping the golden boys)

This is also based on the actual interest for this coin from very big investors. They are and were accumulating . The plans this team has for the future is very much bigger then one could imagine. Once they hit 10 banks in corp with and 30+ seed projects MDA will be the most valuable crypto in the whole south america !


"Metamorphism 2.0 is upon us all, but only few have prepared for the AI"

Reply
SQ88 SQ88
@SQ88, Your theory confirmed sir, well done.

Me too are suggesting that next target most likely will be a new atm


" Be calm, Realm"
+1 Reply
Excellent post
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Are you serious???? How can you make profit when everything is going lower and lower... How can you buy the bottom and make 30%+ from a trade? I dont understand... What system do you use... Ok let's say you invest no more than 10 % of capital , sometimes even less... then you control your risk bla bla bla...1.) How do you pick crypto? 2.) When do you decide to buy? 3.) How does your typical routine looks like ? It would be nice if you could actually proove that you are making money, on paper it is possible, but in reality.... Are you sure? What about other positions?
+3 Reply
BrittTheIsh meskalinas
@meskalinas, Welp,here's to hoping you bought ;)
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CognitoBTC meskalinas
@meskalinas, check performance of Mda lmao i always make more when market is in bear control
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